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be made public so that the people and media organizations can supervise the government's efforts to more fully and more effectively. this will also in a way force enterprises and government to firm up our own responsibilities. and help the people to take some precautionary measures. since we breathe the same air, we have to work hard together. everyone should pitch in, and as far as the government is concerned, we will show greater resolve and take actions to reassure the peoples, thank you. [speaking chinese] >> translator: china's websites, mr. bremer can you talked a lot about the goals and the best of reform. we pay close attention to the reform of the reeducation through labor system. mr. premier, is there a timetable for reforming it? [speaking chinese] >> translator: let me answer your question very precise. the relevant authorities are working intensively on the plan to reform the reeducation through labor system. and the plan might be unveiled before the end of the year. thank you. [speaking chinese] [speaking chinese] >> translator: i noticed one detail, mr. premier. in the cou
. can you imagine how this is going to northbound this is a nightmare. this is so the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it and start all over. >> 2200 pages turned into 20,000 so far. i remember when president clinton saiddy not have sex with that woman. president obama setd this will not add a single dime to the deficit. >> look, it's going to bring down health care costs. it's amazing people hate so much something that has barely taken effect. most hasn't gone into effect. the american people when asked about the specific provisions in the affordable care act like it. they like tax credits for small businesses to pay for insurance, they like cling the medicare donut hole, they like kids staying on insurance. 80% of people like those and less than 50% know they are in the bill. so stop smearing the bill to tell people wh's really in it. >> talk about why this didn't kick in. we had to wait until it got voted back in. they wrote this so that once he's in all the crabby stuff comes out. stuff we're two years i
after the commission. as a limited government person i do not think we should stay in positions forever, but at the wee time i love my job and have a lot important work to do. >> this past week, commissioner robert mcdowell and chairman julius czajkowski announced their resignations from the fcc. hear more on monday night from "the communicators," at 8:00 eastern on c-span 2. >> wednesday, british chancellor torch osborne unveiled the government's proposed tax and spending plans to members of the british house of commons. he told members 600,000 more jobs will be added this year according to forecasters. corporation tax will be cut to 20%, the lowest tax rate than any other economy in the world. in his one-hour speech, chancellor osborne announced measures aimed at assisting small business owners, first- time homebuyers, and british veterans. this is about an hour and 15 minutes. mr. deputy speaker, this is a budget for people who aspire to work hard and get on. it's a budget for people who realise there are no easy answers to problems built up over many years. just the painst
overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means government cash for pensions, welfare, and health care could dry up as early as may. parliament voted less than an hour ago, following to be would days of high drama, handing the government and brussels a resounding defeat with no delegates voting in favor of the plan. 36 no votes and 19 abstentions. >> the house speaker had urged mp's to say no to blackmail in the vote on the bureau's own bailout package. his words clearly catching the angry mood in the chambers and on the streets. outside the parliament building, angry crowds also called for a no vote and held up signs, warning that other nations like italy and spain could be next in line. for the latest, le
's security, and to speak directly to the people of israel and to your neighbors. >> the israeli government hopes washington can help tackle the region's most pressing challenges. the upheavals triggered by the arabs spring have increased political instability, and the threat of iran's nuclear program is ever present, but not everyone is happy to see obama. palestinians in the occupied west bank and here on the gaza strip have been protesting. >> obama's visit shows that the u.s. is providing legitimacy and support to the occupation of our land. >> obama is scheduled to travel to the west bank and jordan before leaving the region on saturday. >> let's cross over now live to our correspondent, who is covering the president's visit for us. barack obama and benjamin netanyahu have not enjoyed the warmest of relationships. how did they come across at the press conference? >> this was an interesting press conference. they tried to joke around. they clearly tried to show that at this time, they were trying to put personal differences aside. experts all say they might not become best friends, but
to no state. attacking states, laying low state governments, depleting the taliban, defeating al qaeda -- iraq. it will not stop it because terrorism, like sustainability, like markets, are interdependent in their character. so what we have created in the beginning of the 21st century is a deep asymmetry between the challenges we face and the political response the political institutions we have to respond to that. every challenge is interdependent, global cross frontier, and the primary political actors that respond are bounded, frontiered, independent nation states. and in that asymmetry, you can see the dysfunction of the modern world. we watch, for example, starting four or five years in copen hagueen and going through mexico city and dubai and nations came together to renew the kyoto protocol already out of term of the date. at least to embrace that antiquated document and failing to do so. and going home and saying that is because our sovereignty says china said the u.s., says now canada, even leaders on keogh know doesn't permit us to monitor, to report to international body, doesn't pe
the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it around started all over. >> eric: and remember when president clinton said that it would not add to the debt and now it's trillion dollars? >> it's amazing people hate so much of it. let's note the american people when asked about the specific provisions in the affordable care act actually like it. they like tax credits for small insurance and closing the medicare loopholes and 80% of like those things and less than 50% know they are in the bill. >> let's talk about why this is going to kick in. eric they purposely wrote this thing, once it is in all the crappy things come out. knows what is going to happen to medicare costs and medicare or anything like that. good luck trying to find a doctor or nurse. they did this in purpose. they bam, smacked you with this. >> eric: that 80% of the people are okay with this? >> are they going to be okay when their premiums okay when they rise 100%. honestly this is birthday party, take this birthday present and bring it back
. the government has blamed opposition fighters for the attack. we go live now to beirut. tell us about the funeral and how it went. very prominenta figure. oft to show how prominent, the most 500 influential muslims in the world, he is ranked 23rd. he is very highly regarded and considered an independent figure. that is why in his funeral, which you are looking at pictures of right now, most of those people who are speaking are very much giving him a lot of praise that you do not see for many other clerics. what makes it significant is that he is a sunni cleric of kurdish origin, and he still supports president assad, and he was a very big supporter of his presidents before him. their strong opponent to the muslim brotherhood in syria for many years. his assassination has been condemned not only by those who support the government but also those in the opposition politically. they praised him. they said he was an independent figure. they gave him credit, but they said they disagreed with him politically, but it does not make his chilling something they can bank. of course, it is a very controversi
the government fears contagion. it starts doing naughty things. this is limiting how much those folks can take out once they can get out the money. it is enacting sweeping measures that are raising eyebrows worldwide. banks rethinking even being there. paying customers wanting to get out of there. it is a mess. in these next 72 hours, cyprus officials are very lelia. they are working overtime to contain this mess. let me put it this way. cyprus is no longer an island. cyprus is a tsunami. it scares me customers worldwide. that is what they are hoping to avoid this weekend. it depends on whether they deal with this. going to john brown, and our own nicole petallides on whether they can and will. nicole kno of what she speaks. her parents are from cyprus and she has visited there many times or so. these are wholly times. >> i am so glad that you're painting it in the proper way. this is .2% of europe's gdp. it is a small island and it is being menial to so many. but it paints a picture of what is going on there. which is catastrophic. you go in there and you are talking about confiscating peles
european union and the government of cyprus has agreed on a euro package to salvage the countries tanks. many are still skeptical. a call for politicians to be held accountable. as this nation prepares to face years of austerity to meet the terms laid out by its international lenders. >> we will be going live to our correspondents in just a moment. first, this report. >> cyprus's a banks have been closed for 10 days now. the two mainlanders will be shut on thursday. smaller banks will open in the morning. the to be a bank holiday anyway. went ahead as planned. celebrations are muted. everyone knows there are hard times ahead. >> there is no other choice. i cannot say we rejoice, but if this is the only possible way, then i want to assure you that we will be very resilient. >> it is goodbye to the low-tax business model that attracted lots of money a broad, a huge number of inking jobs will go. the country's a second-biggest bank, lockheed, will be submerged into the bank of cyprus. that's a, too, will be radically structured. euros will remain frozen. 30% will be taken to help sor
that the government had any role in the financial crisis, it was in failing to regulate adequately either those institutions or the mortgage originators who profited by selling mortgages to people who couldn't afford them. the book traces the influence of this narrative into the specific provisions of the dodd-frank act. i argue in the book that this narrative is false. it was bad history, and it produced worse policy. it is certainly true that the private sector had some role in the financial crisis, but this was relatively minor when compared to the government's effort throughout the clinton and in part of the bush administrations to degrade mortgage standards in order to increase home ownership. this contrary view was never put before the american people in time for its implications to be considered in the debate over dodd-frank. if that debate had occurred, it's unlikely that the dodd-frank act would have been enacted in anything like its current form. now, why did this debate not occur? why was there no competition in ideas on this matter? that is what i'll largely talk about today. for th
've been sent there by the british government in the armed forces, m.o.d., or the foreign office, we've guaranteed that they won't anyway lose out in terms of their earnings or their savings. that is the first thing to say. we've also sure that money will be available which is why a plane with the money was sent to cyprus last night. in terms of, in terms of british citizens in cyprus, assumed our many thousands, of course we cannot insure them against any losses in terms of cyprus bank accounts. but we can do is make sure that they did and they get safely to the pensions and benefits to which they're entitled. we've frozen those payments for the time being until the situation becomes clear, but everyone should know they will get those payments. >> ed miliband. >> mr. speaker, on monday the minister said to the uk government had intelligence about what went on in discussions among the euro zone members who negotiated the plan. can the prime minister tell us what the government knew in advance that what they said about the plan? >> first of all, as we are not in the euro, we do not jo
. the government of cyprus has brokered a last-ditch $13 billion bailout deal with european officials to stave off the collapse of its banking sector. under the deal, on deposits above approximately $130,000 in the island's main banks will be frozen and used to help pay off the banking sector's debts. in addition, cyprus' second- largest bank will be shut down. an earlier version collapsed last week when tsipras took to the streets to protest and a tax of up to 10% on their life savings. on sunday, fresh protests erupted. on cyprus withre the economist richard wolff after the headlines. and your report says the cia has been supporting a vast expansion in the flow of weapons to syrian rebels fighting president bashar al-assad. the new york times reports the airlift of arms and equipment to the rebels, largely overseen by turkey, has massively increased since early 2012 to include more than 160 flights in jordanian, saudi and qatari planes. u.s. intelligence officers have helped shop for weapons and have vetted rebel groups to decide who gets the arms. the cia's covert backing comes despite the obam
with israel's new governing coalition sworn into office today. >> ifill: paul solman reports on older workers in academic institutions, professors in the classroom long past age 65. >> am i keeping track of jobs? yes. that's okay. as long as i'm a good teacher, that's what's important. >> woodruff: and we examine the republican national committee's call for a new direction for the g.o.p., a road map hoping for a rebound in 2016 and beyond. >> ifill: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: today's supreme court arguments pitted a national law against a 2004 arizona voter registrati
arizona and the federal government related to immigration issues. over the summer, the supreme court upheld part of a top state law that allowed police to check for immigration papers. other states, including alabama, georgia, kansas and tennessee, have similar laws on the books and a number of other states are also considering comparable measures. the obama administration supports the challenge to the arizona law. and today's arguments on the heels of another case that could roll back a key portion of the voting rights act of 1965. for more on today's arguments, we turn as always to marcia coyle of the "national law journal." she was in the courtroom this morning, and is back with us tonight. so the outcome, marcia, of this could actually tip the federal-state balance on who gets to govern how we vote. >> that's true, gwen. the question before the justices is where do you draw the line between who has the authority to regulate elections. the election clause of the constitution actually gives authority to both. but where is the line when one crosses or goes too far than the other doe
liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account. how about waking up tomorrow morning and then finding a thousand bucks missing, right off the top, does that sound over the top? in cyprus that is reason that thousands of bankustomers are blowing their talk, with talk of a 10% tax on deposit the money, has a lot of angry customers storming the atm machines but the government has closed banks to avid a bank run, a keeping them close until they sort this out, but the tax is till coming. for cyprus it is about the cost of staying in the euro club, never mind how average i citizes there are getting club. but this is about taxing assets there. something with which we should all be very familiar here. no uncle sam has not hacked into our bank accounts -- yet, but he made a b-line for our other ass
. this is a big government tax grab that we will debate. >> speaking of taxes, guess who is not paying them? more and more federal workers are tax cheats. why shouldn't tax cheats just be fired? it's that easy on the "kudlow report." and we begin right now. first up tonight, the cyprus crisis continues. riots are forming in the streets. cnn's own chief international correspondent michelle caruso-cabrera is with us tonight. >> cyprus is going to do something that's called "resolving a bank." like all tough things in life, we use euphemisms. tonight the head of the central bank has asked parliament to give him permission to give him new powers of resolution authority. what he will do with that resolution authority is he will take cyprus's most troubled bank, he's going to take the good deposits in that bank and move them to another cyprus bank. the bad deposits, the bad loan, the junk that's in laiki bank will remain as a stub and those assets will be sold off over time. first, it's going to get them a lot claeser to the $5.8 billion they need to come up with. the other key point, people under 1 hu
with the current government funding measure now set to expire in less than 10 days. meanwhile, the white house let it be known late last night that president obama will announce today his nomination of assistant attorney general tom perez for the open labor secretary seat on his cabinet. and at the national press club here in washington this morning, republican national committee chairman reice preibus is set to release a report for a plan on how to expand the party in the future. and that's where we want to begin with you this morning in our first 45 minutes on the "washington journal." we want to hear from republican callers, just republican callers today about this report and the recommendations in it. in these first 45 minutes, we'll set up the phone lines for republicans in the eastern and central region at 202-585-3880. in the mountain and pacific region, republicans can call 202-585-3881. you can also catch up with us on all your favorite social media silingtse, on twitter and to ook, or email us journal@c-span.org. i want to take you to the statement yesterday. he was on cbs' "face the na
, people in cyprus are standing in lines at cash machines. banks remain closed as the government's scramble to put together a new bailout plan for the broken financial sector. >> the clock is ticking. ecb says cyprus must come up with ed bop -- viable bailout plan by monday. if not, there will cut off funding, also listening the country into bankruptcy. >> there's also talk of a solidarity investment fund that could include bonds backed by the government and even by churches. >> angry separates -- cyprian -- separates -- cypriots gathered outside the parliament building here the latest reports say cypriot officials are mulling a special fund as contributions coming reportedly from the island's wealthy orthodox church, from pension funds, and the central bank's gold reserves. the governor of the island's central bank was confident a solution would be found. >> i expect there will be a program of support for cyprus until monday. >> as the politicians tried to come up with a last-to address you, the mood on the streets debt is to spur a panic. earlier in the day, police clashed with angry bank
. the cypriot government says the country's parliament is unlikely to pass legislation which would impose a tax on bank deposits. lawmakers are set to meet and vote on the levy which has been set on a condition of the eu bailout. meanwhi meanwhile, the german finance minister has rushed to the defense of a highly unpopular tax. the move was necessary to keep cyprus from sharing in the burden of a eu bailout. and uncertainty over the outcome of the vote in nicosia continues to weigh on markets. cyprus said its stock exchange will trading until thursday. cypriot banks have been placed on negative watch. carolin roth is reporting now for us. the latest we're hearing is that the vote may not happen today. what can you tell us? >> absolutely. there are a lot of moving parts still, kelly. this is a very fluid situation. the vote is scheduled to happen at 6:00 p.m. local time. there has been no official cancellation on part of the government. but, again, a government spokesperson at the same time also saying that it's very unlikely at this point that the vote will actually go through. that is, of cour
of government offices and businesses early. traffic jacks and some gridlock across the city. the same time, today was marked by new political uncertainty. lack lab announced provincial elections would be put off for six months. iraqi government sources are telling us now that the delay will be extented for all provinces across iraq. so in some, while the security has mostly improved in iraq over the last few years, the anniversary was a reminder of the darker days. >> bret: yeah, dave, what were you hearing and seeing? what were you hearing from the iraqis? were they shocked by this bombing, the series of bombings? >> guest: i think the bombings came as somewhat of a shock. although, everyone was aware of the anniversary. there have been bombings on previous verses haves, but the same time. the anniversary is a day that marks some upate and anger on the part of iraqis toward we werers. westerns are not so much of a target in iraq anymore. so depth and the amount of bombing was a surprise. certainly the announcement by prime minister al-awlaki was a big surprise. >> bret: what about the sec
setting up the government of national and a national army. is a fairly comprehensive agreement, and they feel that he failed to honor the agreement. we saw the troops fighting. then in january as they were about to make a push on the capitol itself, they attend another agreement to form a government of unity. the rest seems to have broken down. >> peter, speaking to us from nairobi. the former pakistani president has flown home after four years in self imposed exile. pervez musharraf was greeted by supporters. the former military ruler says that he wants to run in the next election and is unfazed by a death threat from the pakistan taliban. former president and general has threatened to come back on many occasions, but he is finally here. he comes home to a very different pakistan and the one that he left. he was a very unpopular figure when he left. here he used to have the support of the main political party. sources are telling us that they are not sure if they will do any kind of deal with him. in order to make this work, to have some kind of success in the general election
, rangery. they're if disbelief over this decision that was struck between the government and brussels leaders on saturday morning. but it's not just the people who are angry. it's also the politicians. many politicians in this 50/60 parliament in cyprus have said they would reject the bailout package because of the hugely unpop already deposit tax. press reports indicate that up to three parties could be volting against the bailout deal, which will be voted on in parliament later today. that's the debate and the vote are expected to kick off around 4:00 p.m. local time. so what the president is trying to do at the moment, he's trying to pure swede the members of parliament that this is the only solution going forward. if they vote against the bailout deal, the only alternative is bankruptcy for this country in the next couple of days. but it's going to be very, very crucial for the president to strong arm the other members of parliament into a positive decision on the bailout deal because at this point in time, he does not have a clear majority in parliament. he only has 20 seats. and
's consider working together on areas to change how the government does business and give more value to the taxpayer while we get spending under control. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from georgia, mr. arrow, for five minutes. mr. barrow: mr. speaker, i rise today to urge my colleagues to join me in support of house joint resolution 33 which would reshape the way washington operates. because congress has failed to do its job to find the spending cuts we need to replace the sequester, folks all across this country, including folks in my district in georgia, will pay the price. unfortunately in washington there are rules that prevent members of congress from being penalized for not doing their jobs. the constitution doesn't protect the folks at home so why should it protect the pay of members of congress? the 27th amendment of the constitution was written to prevent members of congress from giving themselves pay increases, but lately it's been used as a shield to prevent a congressional pay cut. my proposal, house joint resolutio
of a managed business or a managed government. i guess that would be saying that it's not a managed government. now, when we took up the budget in committee last week, i offered an amendment to strike the language that provided for the fast-track tax increase process. my amendment was meant to ensure that the tax reform would be conducted in a bipartisan manner to generate a more efficient, fairer and simpler tax code and spur economic growth rather than raise revenue through legislation that can be passed with a simple majority here in the senate. a simple majority vote would ensure that the minority party's views would receive little, if any, consideration. we'd have no input. debate time and the number of amendments that could be offered to improve the legislation would also be limited. we need to have an open process where all members can have their voices heard. we simply need to stop deal making and start legislating. we've had this system around here for awhile where we work from contribed crises that hav have -- contribed crises that have very specific dates in which the sky falls and
out. now the government says all banks will be closed till thursday as it negotiates the terms of this deal. gavin hewitt starts our coverage. >> hurt, anger, outrage -- that was the mood on the streets of the cypriot capital. in exchange for european bailout, small and large savers will have to pay a one-off tax. >> we are sleeping. we all come in the morning, knowing that we were significant -- >> as a nation, it has taken us 40 years to build our economy to the level it is. with done one day -- within one day, we have shot it down. we are very betrayed. >> they can do it anywhere. live in europe, europe has betrayed us. >> at one stage, the crowd was urged to march towards the presidential palace. many people believed their savings had been guaranteed. what is clear is that the bailout deal negotiated in brussels cannot be implemented here except in the face of furious opposition. will have depositors to pay -- just reducing the amounts savers and depositors will have to pay probably won't be enough. teeple are still trying to get their money out of cash machines, but there
. take 20% of their dough. hard to say. this much is not. it is going to happen. because the government needs the dough. if they still want to get european union dough. it gets weird and complicated. desperate to stay in the euro club. does this ring a bell? it should. no one is taxing the bank holdings, thanks to obamacare, they are going after the other assets. 3.7% on investment sales larger than 100,000 grand. the next time you try to sell your house, trust me. you will hit the roof. think about that. tax not on your income, earned or unearned but your assets. what you have, what you own. your tangible assets. home here, bank account there. is there difference? no. no difference between american government taxing you for medical devices and what it deems as a medical insurance plan. taxing you not on what you make but what you have. the stuff you attain through life of work no, matter when you work or how much you made when you work. stuff you got now. to government, it sees that you have it now and it wants it now and wants you to pay up now. feel for the cri produce citizens who c
in the world. that is what the government set out to achieve. that's what is what we're dr delivering. they did a survey that ranks the most competitive tax regime in the world. three years ago we were near the bottom of the table. now we're at the top. in the global rate, we cannot stand still. today we step up the pace, our enterprise investment team offering generous -- they have done a great job help progress mote it around the country. they asked me to extend the holiday,ly i will. we're make our new employee shareholders more generous with income tax relief and increasing -- of business to the employees. company that look after employees and help them return to work will get new help through the tax system too. and we're going trouble to 120,000 pounds the size of the loans that employers can get for tax free to say for season ticketers for commuters. it's a great idea for the honorable friend and i'm happy to put in practice. my honorable friend and others, have put forward proposals to help investment in social -- enterprises. i listened and we will release a new tax to encourage privat
control over a fractious government? or is it all those things? this is not a discussion rooted in the past. we will not relive the wmd questions. we will not dwell on the mistakes of the coalition authority, and we will not debate the surge. we will look at iraq today and where it is headed. a has been little of that in the 10 years media coverage, even though it is a far more relevant question for policy makers and the public today. with that, because you did not come here to hear me today, that we introduce the plan all. all on the who they are.-- know who they are. you know their contributions to the efforts to stabilize iraq. to my right is ambassador ryan crocker, who is the kissinger senior fellow at the el sity. sal.-- yale univer he has served recently as our ambassador to afghanistan, his long career included ambassadors for iraq as well as our ambassador to pakistan, syria, kuwait, and lebanon. from may to august of 2003, he served as the government's director for the coalition provisional authority in baghdad, and his career in the foreign service included a tour in
a government shutdown, we update the short- and long-term budget battles. >> sreenivasan: paul solman looks at free trade through the eyes of a classic american brand, getting wet in the global market. >> i know that every surfboard that comes into america comes in duty free. and when i sell a surfboard to australia, japan, europe, its a 20% to 25% duty that they have to pay to get mine. >> brown: we continue our series on how broadband technoly is changing our lives. tonight, a look at chattanooga, tennessee-- home of the nation's fastest internet connections. >> sreenivasan: and, spencer michaels has the story of photo journalists who risked their lives to tell the stories of iraqis in the early days of the war. >> as photographers, we're always looking for ways to communicate the urgency of horrible drama in these situations. >> brown: that's all ahead. on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, a
to what we are facing. so this budget grows government. let's not make any excuses. it grows government by increasing spending. and it grows government by a massive increase in taxes. just after we've had one a few months ago. and not counting the massive increase in taxes that's going to occur beginning in 2014 with the implementation of obamacare. when we add that up, when we look at the cost of that, we face dire circumstances. and you would think that the budget being offered to us would not increase debt by 42%, but would address the real problem. now, i know there's been a dispute about how much this budget revenue, taxes are increased. some say $1.5 trillion. those that have presented the budget simply say, oh, no, it's only $1 trillion. whether it's $1.5 trillion or only $1 trillion -- only a trillion, as if only $1 trillion in new taxes on the american people after they just got hit with more than .5 trillion a few months ago and probably hit with another $1 trillion in less than eight months as obamacare kicks in, it just defies credibility. and i think the investment communit
. >> ( translated ): it is the duty of the israeli government to at least halt the activity so that we can speak of issues. and when we define our borders and their borders together, each side will know its territory in which it can do whatever it pleases. so the issue of settlement is clear. >> warner: but the president said pre-conditions for talks were counter-productive. >> we do not consider continued settlement activity to be constructive, to be appropriate, to be something that can advance the cause of peace. if the only way to even begin the conversations is that we get everything right at the outset, or at least each party is then we're never going to get to the broader issue, which is how do you actually structure a state of palestine that is a sovereign, contiguous, and provide the palestinian people dignity. >> warner: the president also met with young palestinians, many of whom have lost faith in any resolution to the decades- long conflict. back in jerusalem, before a larger crowd of similarly-young israelis the president gave the featured address of his mideast tour. while reitera
. >> and we have the stumbling blocks in the deal to sequester the government spending cuts but first the look at how the overseas markets fair fared today. >>> on wall street, more red than green in the stock market and some losses in the oil patch as well. >> that's where we begin our market outlook tonight. the company's ceo expects negative pricing press neuer several airs. looking at the stocks, down almost 4 percent. other drillers almost got hit. neighbors and hall burton down as well. leading the s&p gainers today. jcpenney the retailer got a positive report from an analyst at oppenheimer because of the new joe fresh shot. but says pennies needs to work through its problems. >> as ttrazenika reported a big drop. and forecast continuing difficulties with competition from generic drugs. shared traded in new york were down slightly at 46.18. >> and after six year on the job, electronic arts ceo offered his resignation during the tenure. the stock dropped more than 60 percent. he said in a memo revenues will be at the low end of his earlier guidance and was accountable for it. shares were
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